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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 04184061 (England and Wales) REGISTERED CHARITY NUMBER: 1087513

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Page
Report of the Trustees 1 to 8
Report of the Independent Auditors 9 to 12
Statement of Financial Activities 13
Statement of Financial Position 14 to 15
Statement of Cash Flows 16
Notes to the Statement of Cash Flows 17
Notes to the Financial Statements 18 to 31
Detailed Statement of Financial Activities 32 to 33

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

Values

As an organisation we passionately value the diversity of the communities we work with.

As a Trusted Partner we act with integrity and honesty.

We act professionally in all aspects of our operation and in achieving our objectives.

To achieve our Mission:

Public benefit

The Trustees have had regard to the guidance issued by the Charity Commission and believe all the charity's activities are for public benefit.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

To meet its charitable objectives VIN provides a range of advice, information, and support services to help VCSE organisations develop and thrive using our redeveloped website, on-line training, executive membership, and one-to-one meetings. Specifically VIN:

Achievements for the Year

Page 1

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

ACHIEVEMENT AND PERFORMANCE Charitable activities (continued)

Our influence

Organisation as a whole

The year has presented several challenges to an organisation like VIN, not least the comparative lack of funding from Statutory Partners and the need to diversify to supplement these with external sources and different income streams. As always, we continue to review our efficiency and sense-check our role in an evolving marketplace. This thought process will continue.

Strategic Direction for VIN

Our strategic direction has been set by our medium-term strategy entitled Connecting People to Places (revisited in May of 2024). In this document we set out some aspirational targets:

Post-COVID working

Generally, the organisation has recovered from the changes in working forced upon it during the COVID pandemic. Volunteering brokerage has changed slightly, and most volunteering brokerage is now being done through the Community Action Northants website. However, where a person, or organisation's needs mean that is not accessible, we are still meeting with people face-to-face. The Community Transport Service, NDDS and Car Scheme, are recovering and approaching pre-COVID passenger numbers. Trusts and Foundations have now set clearer priorities, so VIN know where to target applications, and VIN staff continue to use a combination of office and home working.

Page 2

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

FINANCIAL REVIEW

Financial position

VIN is pleased to be helping the VCSE sector navigate the significant changes in Northamptonshire, by building on existing good relationships with the Unitary authorities and the local Health Authority and ensuring the VCSE sector is strongly represented during the changes taking place in both.

VIN's main funders are West Northamptonshire Council, the NHS, G4S, and the National Lottery, which funds both Connect Northamptonshire, embedding the VCSE in the new Integrated Care System, and Happy at Home, a befriending service for older lonely and isolated people. VIN has also been generously supported by Motability over this past year, adding a Wheelchair Accessible Vehicle to the Volunteer Car Scheme provision, and preparing to buy a new minibus to complement the existing fleet. All of these reflect its charitable activities (as described above).

During the year the charity's income increased from £783,691 in 22/23 to £802,314 in 23/24. VIN's expenditure also increased from £794,406 in 22/23 to £804,666 in 23/24. The increase in income has helped to provide for increases in salaries, reflecting both Minimum Wage increases and support for staff with the cost-of-living increases post-COVID.

In 23/24 the charity's expenditure, £804,666 is marginally greater than its income, £802,314 (a deficit). VIN is continuing to strive towards a break-even position, and even potentially a surplus to increase reserves, as VIN has used reserves to deal with the rapid changes caused by COVID and the cost-of-living crisis in the wider landscape.

Understanding that VIN has returned a deficit the Trustees have been working with operational staff to keep budgets under review, and during the year VIN has undertaken several actions to prepare for the future:

Continued implementation of a strategy relating to People and Places, published in June 2024. Provided for dedicated Trusts and Places Fundraising using expertise from existing staff to find funding opportunities. Continued working with G4S at HMP 5 Wells as a new and diverse income stream. Invested in Marketing.

Secured continuing funding for its Befriending projects.

Reviewed the lease arrangements for its Minibus fleet and arranged to purchase three of its fleet and placed an order to replace the fourth.

Been awarded new projects focusing on volunteering in Public Health, in partnership with West Northamptonshire Council, through the recruitment of Community Health Champions, and other projects.

Investment policy and objectives

VIN holds no investments other than cash at bank and in hand. There are no restrictions on where the Trustees can invest. However, in relation to risk, they will seek to disperse the money such that as much of it is protected by the FSCS as possible and it is available for expenditure when the charity needs it.

In February 2024, following on from the cash investments made in Fixed Term Bonds with United Trust Bank in 22/23, and into 23/24 Trustees opened a Flagstone Investment Platform Account. This reduces the need to always be seeking the best bond options, and making new applications for bonds, as the application is with the Platform and the Platform makes available bonds from different banks at different term lengths and rates. This investment is made following the FSCS recovery guidelines, as each individual investment on the Platform is protected up to £85,000. This allows greater flexibility in terms of fixed term lengths for bonds and allows protection of sums greater than £85,000 to be invested. Investment choices are made with reference to cash flow, so funds are available when required.

Page 3

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

FINANCIAL REVIEW Reserves policy

Total Funds at the Financial Year end amounted to £823,720 and of this £57,168 are free general reserves.

The Trustees have reviewed the amount of Reserves they think is necessary for VIN and decided that three months of running costs is appropriate. At the end of the Financial Year across all its projects VIN held more than three months running costs in reserve. This is held as cash. The Trustees feel it is appropriate to hold more than three months running costs as the current funding landscape is uncertain and VIN may need to use its reserves to fund in-year activities.

Total Designated Funds at the Year End amount to £118,509. During 23/24 the Designated Development Fund is being used up by depreciating over 2 years the amount spent in September 2022 on redeveloping the top floor of the building to provide a training facility and a separate office space for rent.

In January 2024 the lighting was replaced throughout 15, St Giles Street. This was partly funded by a Climate Change Grant of £5,000 from Northampton Town Council, with the balance coming from the Designated Building Fund. This leaves £8,497 for further building improvements.

The remaining element of Designated Funds includes the balance of those funds which came with the merger with NDDS. The NDDS fund is used for NDDS running costs.

Restricted Funds held at the end of the 23/24 Financial Year amounting to £121,829, are for use in projects which will continue in the 24/25 Financial Year, except the NEP (Commsortia - Working Progress) Restricted Fund, which is now finished. These funds will be used for ongoing project activities in the 24/25 Financial Year.

Total Restricted Funds at the Financial Year end amounted to £648,043.

Restricted Funds also include the building, at £526,214, valued for its 99-year lease and being depreciated accordingly, as it can only be used for the purpose of VIN offices, and cannot be sold, nor be used as security for any borrowing or charge.

At the end of the Financial Year there was one fund in overdraft:

Community Health Champions: This is because the start date of the project came before the funds were released.

Page 4

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

FINANCIAL REVIEW

Going concern

The Financial Statements have been prepared on the Going Concern basis as VIN Trustees have reviewed budgets and forecasts which, together with the Unrestricted Reserves held in cash, will see VIN through to the end of the Financial Year 2026.

West Northamptonshire Council have funded VIN, Daventry Volunteer Centre and South Northants Volunteer Bureau to provide Local Infrastructure Organisation services from April 2024 through to March 2026.

The Car Scheme continues to be funded by the NHS and is maintaining its membership fee income. A Wheelchair Accessible Vehicle (WAV) was purchased in June 2023 which is complementing its existing services and Volunteer Drivers are being specifically sought to drive this vehicle. An increase in volunteers is also being sought to allow the Scheme to transport members to well-being appointments as well as medical appointments.

NDDS: Community Transport has drawn on its reserves to see it through a period of review. Three of the existing fleet of 4 buses were purchased in May 2024 and the fourth is going to be replaced in October 2024 with a new bus. West Northamptonshire Council have reviewed the amount which can be claimed for passengers using their bus pass, the first increase since COVID, which is significant. WNC also renewed their Community Transport Grant for 24/25 and 25/26. Membership continues to remain stable at about 350 and a target of £16,500 has been set for Trusts and Foundations fundraising for 24/25. This should help NDDS break even in 24/25.

VIN is just over half-way through a 3-year contract funded by the National Lottery Community Fund which started on 1st September 2022 and runs through to August 2025. This is to manage the embedding of the VCSE sector into the new Integrated Care System (ICS).

G4S have reviewed and renewed their Social Prescribing contract at HMP 5 Wells until January 2025.

West Northamptonshire Council and various parts of the NHS are seeking volunteers to support Public Health. The Community Health Champions project runs until Jan 2026, and since March 2024 VIN has been awarded funding as lead party in the delivery of a Volunteering for Health programme, running from July 2024 through to June 2027.

Both aspects of the Befriending Services provided by VIN have received funding, one for 2 years, through to May 2026, and one through to March 2025.

The Trustees have considered VIN's current contracts projects and income and believe that the need for VIN's expertise is still of relevance within the county and that there is still funding available for incorporating the VCSE sector into county transformation, and for projects being run by VIN. They believe that VIN remains a going concern.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are recruited to ensure that the Board benefits from a wide range of identified skills and knowledge that will strengthen our capacity and governing abilities and also reflect VIN's diversity policy. Trustees serve for three years, after which they are eligible to stand for a further three-year term which may be extended by a further year in exceptional circumstances. Formal board meetings are held four times a year to coincide with the financial cycle. New Trustees are expected to undertake an induction programme, and to take part in occasional training sessions.

Page 5

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

The day to day running of VIN and the execution of the organisational objectives is delegated to the Chief Executive, who is also the Company Secretary. The Chief Executive is responsible for ensuring that services are delivered within the framework of the plans and policies established by the Trustees.

Key management remuneration

The Trustees recognise that Senior Management are key to the future of the organisation. Senior management remuneration is reviewed annually using the appraisal process and the CEO salary is set by the Board of Trustees.

For all other staff recommendations are made by the Chair or CEO to the Board of Trustees who approve all salary and contract changes, and all Minimum Wage obligations are met. Non-salary terms and conditions for all employees are standard.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Trustees are aware of their duty to identify and review risks to which the charity is exposed and to ensure controls are in place to provide reasonable assurance against fraud and error.

The Trustees review risks identified to them using a RAG risk register every trustee meeting and also review policies and systems in place to reduce risk.

Trustees have continued their review of Community Transport operations to make it more effective, and income diversity is always being sought.

The charity has insurance cover for its property and legal liabilities normally associated with its operations.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04184061 (England and Wales)

Registered Charity number

1087513

Registered office

15 St Giles Street Northampton Northamptonshire NN1 1JA

Trustees

S J Barter (resigned 7/3/24) T J Birch C A Maryon (Chair) (resigned 7/3/24) C Whyld C D Williams (Treasurer) N Jackson S Walker (resigned 20/4/23)

D Boughen Trustee (appointed 27/7/23)

Page 6

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

REFERENCE AND ADMINISTRATIVE DETAILS Auditors

Shaw Gibbs (Audit) Limited Chartered Certified Accountants Statutory Auditor Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ

Company Secretary and CEO

R K Rolph

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Voluntary Impact Northamptonshire Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Shaw Gibbs (Audit) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Page 7

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 8[th] October 2024 and signed on its behalf by:

................................................................. C Whyld - Trustee

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

Opinion

We have audited the financial statements of Voluntary Impact Northamptonshire Ltd (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the charity operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Charities Act 2011 together with the Charities SORP (FRS102) 2019. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charity's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charity for fraud. The laws and regulations we considered in this context were Charity Commission regulations, GDPR, anti-fraud and bribery legislation, taxation legislation and employment legislation.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of income, and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, sample testing on the posting of journals, reviewing accounting estimates for biases, performing analytical procedures to identify any unusual or unexpected relationships, testing of income cut-off and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 11

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

for and on behalf of Shaw Gibbs (Audit) Limited Chartered Certified Accountants Statutory Auditor Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ

Date: 15 October 2024

Page 12

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
27,853
Charitable activities
5
Projects and services
85,856
Direct Services
191,232
Contract work
-
Other trading activities
3
1,001
Investment income
4
5,326
Other income
-
Total
311,268
EXPENDITURE ON
Charitable activities
6
Projects and services
198,955
Direct Services
216,599
Contract work
29
Total
415,583
NET INCOME/(EXPENDITURE)
(104,315)
Transfers between funds
18
57,172
Net movement in funds
(47,143)
RECONCILIATION OF FUNDS
Total funds brought forward
222,812
TOTAL FUNDS CARRIED FORWARD
175,669		 Restricted
funds
£
3,533
328,010
80,641
78,522
340
-
-
491,046
252,445
71,176
65,462
389,083
101,963
(57,172)
44,791
603,260
648,051		 2024
Total
funds
£
31,386
413,866
271,873
78,522
1,341
5,326
-
802,314
451,400
287,775
65,491
804,666
(2,352)
-
(2,352)
826,072
823,720		 2023
Total
funds
£
23,155
418,892
270,837
67,461
862
1,151
1,333
783,691
450,559
287,466
56,381
794,406
(10,715)
-
(10,715)
836,787
826,072

The notes form part of these financial statements

Page 13

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

STATEMENT OF FINANCIAL POSITION 31 MARCH 2024

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Investments
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
12,319
53,882
137,996
25,636
217,514
(54,156)
163,358
175,677
175,677		 Restricted
funds
£
540,298
15,000
-
119,281
134,281
(26,536)
107,745
648,043
648,043		 2024

Total
funds
£
552,617
68,882
137,996
144,917
351,795
(80,692)
271,103
823,720
823,720
175,677
648,043
823,720		 2023
Total
funds
£
541,844
175,789
-
357,336
533,125
(248,897)
284,228
826,072
826,072
222,812
603,260
826,072

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The notes form part of these financial statements

Page 14

continued...

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

STATEMENT OF FINANCIAL POSITION - continued 31 MARCH 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 8[th] October 2024 and were signed on its behalf by:

The notes form part of these financial statements

Page 15

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Purchase of current asset investments
Interest received
Net cash used in investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
2
Cash and cash equivalents at the end
of the reporting period
2		 2024
£
(38,248)
(38,248)
(33,498)
-
(137,996)
5,326
(166,168)
(204,416)
339,064
134,648		 2023
£
(53,653)
(53,653)
(6,223)
1,333
-
1,151
(3,739)
(57,392)
396,456
339,064

The notes form part of these financial statements

Page 16

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement
of Financial Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Interest received
Decrease/(increase) in debtors
Decrease in creditors
Net cash used in operations
2.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one
year
Total cash and cash equivalents
3.
ANALYSIS OF CHANGES IN NET FUNDS		 2024
£
(2,352)
22,725
-
(5,326)
106,907
(160,202)
(38,248)
2024
£
127
144,790
(10,269)
134,648		 2023
£
(10,715)
14,721
(1,333)
(1,151)
(38,120)
(17,055)
(53,653)
2023
£
67
357,269
(18,272)
339,064
At 1/4/23 Cash flow At 31/3/24
£ £ £
Net cash
Cash at bank and in hand 357,336 (212,419) 144,917
Bank overdraft (18,272) 8,003 (10,269)
339,064 (204,416) 134,648
Liquid resources
Deposits included in cash - - -
Current asset investments - 137,996 137,996
- 137,996 137,996
Total 339,064 (66,420) 272,644

The notes form part of these financial statements

Page 17

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Voluntary Impact Northamptonshire Ltd is an incorporated charity governed by a constitution in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered address is given in the charity information of these financial statements. The nature of the charity's operations and principal activities are as detailed in the Report of the Trustees in these financial statements.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements - Straight line over 99 years
Fixtures and fittings - 50% on cost
Motor vehicles - 33% on cost

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

Taxation

The charity is exempt from corporation tax on its charitable activities.

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VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Current Asset Investments

Current asset investments is cash on deposit with a maturity date of less than one year held for short-term investment purposes rather than cashflow. Current asset investments held qualify as 'basic' financial assets and are measured at the cash value or other consideration expected to be paid or received and not discounted.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2024 2023
£ £
Donations 31,386 23,155

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VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

3. OTHER TRADING ACTIVITIES

Fundraising events
4.
INVESTMENT INCOME
Interest receivable - trading
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Projects and services
Contract work
Projects and services
Other income
Projects and services
Grants
Direct Services
Other income
Direct Services
Car scheme and NDDS
income
Direct Services
Contract work
Contract work
Other income
Contract work
Grants received, included in the above, are as follows:
NHS Nene CCG
West Northants Council (formerly Northants CC)
West Northants Council (formally NBC) Countywide Support and
Development
Big Lottery - Happy at Home
The National Lottery Community Fund - Health Equality
West Northants Council (formerly Northampton Borough Council)
Big Lottery Healthy Communities
West Northants Council (formally NBC) NDDS
Big Lottery - Awards 4 All
Northamptonshire Sport
Armed Forces Covenant Fund
Poverty Truth Commission
ICAN Country Wide Befriending
Well Communities Consortium
Communities Engagement
Motability
Community Health Champions
Kings Heath Community Grant
WAV Car Volunteer Grant
WNC - Health and Wellbeing Grant
Postcode Places Trust - PTC		 2024
£
1,341
2024
£
5,326
2024
£
387,725
3,266
22,875
134,689
6,861
130,323
78,522
-
764,261
2024
£
31,507
50,735
30,250
62,435
98,046
26,560
-
71,273
-
12,600
-
-
33,688
-
-
69,580
15,000
2,000
1,300
7,845
9,595
522,414		 2023
£
862
2023
£
1,151
2023
£
367,037
9,435
42,420
132,808
2,099
135,930
67,089
372
757,190
2023
£
25,698
-
30,000
106,448
104,349
51,543
30,000
78,205
8,762
1,800
9,623
15,000
32,866
4,051
1,500
-
-
-
-
-
-
499,845

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VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

6. CHARITABLE ACTIVITIES COSTS

Projects and services
Direct Services
Contract work
SUPPORT COSTS
Projects and services
Direct Services
Contract work
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration
Depreciation - owned assets
Surplus on disposal of fixed assets		 Support
Direct
costs (see
Costs
note 7)
£
£
441,590
9,810
287,103
672
65,455
36
794,148
10,518
Governance
Finance
costs
£
£
572
9,238
451
221
-
36
1,023
9,495

2024
£
5,671
22,725
-		 Totals
£
451,400
287,775
65,491
804,666
Totals
£
9,810
672
36
10,518
2023
£
4,200
14,721
(1,333)

7. SUPPORT COSTS

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

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VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2024
£
454,749
32,924
14,375
502,048		 2023
£
409,399
36,274
11,495
457,168

The average monthly number of employees during the year was as follows:

Full Time
Part-time		 2024
8
14
22		 2023
7
14
21

No employees received emoluments in excess of £60,000.

The total employee benefits of key management personnel for the charity were £142,193 (2023: £108,529). Key management includes the CEO, Development Manager and Finance Manager this year. Last year included the CEO and Development Manager only.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
15,579
Charitable activities
Projects and services
56,657
Direct Services
203,063
Contract work
-
Other trading activities
862
Investment income
1,151
Other income
1,333
Total
278,645
EXPENDITURE ON
Charitable activities
Projects and services
143,550
Direct Services
222,805
Contract work
-
Total
366,355
NET INCOME/(EXPENDITURE)
(87,710)
Transfers between funds
76,227
Net movement in funds
(11,483)		 Restricted
funds
£
7,576
362,235
67,774
67,461
-
-
-
505,046
307,009
64,661
56,381
428,051
76,995
(76,227)
768		 Total
funds
£
23,155
418,892
270,837
67,461
862
1,151
1,333
783,691
450,559
287,466
56,381
794,406
(10,715)
-
(10,715)

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VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
funds
£
£
RECONCILIATION OF FUNDS
Total funds brought forward
234,295
602,492
TOTAL FUNDS CARRIED FORWARD
222,812
603,260
12.
TANGIBLE FIXED ASSETS
Fixtures
Leasehold
and
Motor
improvements
fittings
vehicles
£
£
£
COST
At 1 April 2023
679,140
82,834
-
Additions
-
15,120
18,378
At 31 March 2024
679,140
97,954
18,378
DEPRECIATION
At 1 April 2023
146,067
74,063
-
Charge for year
6,860
10,917
4,948
At 31 March 2024
152,927
84,980
4,948
NET BOOK VALUE
At 31 March 2024
526,213
12,974
13,430
At 31 March 2023
533,073
8,771
-
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Trade debtors
20,912
Other debtors
2,625
VAT
9,636
Prepayments and accrued income
35,709
68,882		 Total
funds
£
836,787
826,072
Totals
£
761,974
33,498
795,472
220,130
22,725
242,855
552,617
541,844
2023
£
137,709
7,610
-
30,470
175,789

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VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

14.
CURRENT ASSET INVESTMENTS
Short term investments
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 16)
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals and deferred income
16.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts		 2024
£
137,996
2024
£
10,269
32,640
8,141
-
2,287
27,355
80,692
2024
£
10,269		 2023
£
-
2023
£
18,272
15,188
8,120
7,999
9,411
189,907
248,897
2023
£
18,272

The bank overdrafts are not actual bank overdrafts but computed balances within the funds, due to unrestricted cash funds being used to support restricted funds waiting on debtor balances to be paid.

17. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 2024
£
18,255
10,462
28,717		 2023
£
34,840
10,833
45,673

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VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

18. MOVEMENT IN FUNDS

Unrestricted funds
General fund
NDDS
Designated Reserves - Building
Designated Reserves - Development
Restricted funds
Countywide Support & Development
VCSE Assembly
Car Scheme
NEP (Commsortia - Working Progress)
NEP (Delivery)
Happy at Home
iCAN Befriending
Poverty Truth Commission
G4S
Property fund
Health Equality - Embedding the VCSE
in the ICS
WNC - PTC 23 - 25
Northamptonshire Sport
Motability
Community Health Champions
WAV Car Volunteer Grant
Kings Heath Community Grant
TOTAL FUNDS		 At 1/4/23
£
76,922
132,009
10,000
3,881
222,812
-
70
383
17,194
3,186
9,090
672
7,146
6,399
533,074
26,046
-
-
-
-
-
-
603,260
826,072		 Net
movement
in funds
£
(100,336)
(1,733)
-
(2,238)
(104,307)
11,870
(70)
5,202
(3,454)
(3,186)
(6,846)
6,328
(4,146)
13,421
(6,860)
41,839
11,367
1,644
25,257
6,289
1,300
2,000
101,955
(2,352)		 Transfers
between
funds
£
80,582
(21,907)
(1,503)
-
57,172
(4,500)
-
(4,256)
-
-
(2,244)
(7,000)
-
(5,070)
-
(22,223)
(2,753)
(1,644)
(5,924)
(1,558)
-
-
(57,172)
-		 At
31/3/24
£
57,168
108,369
8,497
1,643
175,677
7,370
-
1,329
13,740
-
-
-
3,000
14,750
526,214
45,662
8,614
-
19,333
4,731
1,300
2,000
648,043
823,720

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VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
NDDS
Designated Reserves - Development
Restricted funds
Countywide Support & Development
VCSE Assembly
Car Scheme
NEP (Commsortia - Working Progress)
NEP (Delivery)
Happy at Home
iCAN Befriending
Poverty Truth Commission
G4S
Property fund
Health Equality - Embedding the VCSE
in the ICS
WNC - PTC 23 - 25
Northamptonshire Sport
Motability
Community Health Champions
WAV Car Volunteer Grant
Kings Heath Community Grant
WNC - Health and Wellbeing Grant
TOTAL FUNDS		 Incoming
resources
£
96,406
214,862
-
311,268
35,496
-
44,908
-
-
63,944
33,923
1
78,883
-
98,046
27,404
12,600
69,696
15,000
1,300
2,000
7,845
491,046
802,314		 Resources
Movement
expended
in funds
£
£
(196,742)
(100,336)
(216,595)
(1,733)
(2,238)
(2,238)
(415,575)
(104,307)
(23,626)
11,870
(70)
(70)
(39,706)
5,202
(3,454)
(3,454)
(3,186)
(3,186)
(70,790)
(6,846)
(27,595)
6,328
(4,147)
(4,146)
(65,462)
13,421
(6,860)
(6,860)
(56,207)
41,839
(16,037)
11,367
(10,956)
1,644
(44,439)
25,257
(8,711)
6,289
-
1,300
-
2,000
(7,845)
-
(389,091)
101,955
(804,666)
(2,352)

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VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
NDDS
Designated Reserves - Building
Designated Reserves - Development
Restricted funds
Countywide Support & Development
VCSE Assembly
Car Scheme
NEP (Commsortia - Working Progress)
NEP (Delivery)
Happy at Home
iCAN Befriending
Poverty Truth Commission
Healthy Communities
G4S
Awards4All
Armed Forces Covenant Fund
Property fund
Health Equality - Embedding the VCSE
in the ICS
WNC - PTC 23 - 25
Northamptonshire Sport
TOTAL FUNDS		 At 1/4/22
£
62,051
157,244
10,000
5,000
234,295
1,289
30,302
1,239
17,743
3,186
2,490
337
5,584
-
389
-
-
539,933
-
-
-
602,492
836,787		 Net
movement
in funds
£
(82,861)
(3,730)
-
(1,119)
(87,710)
3,211
2,623
3,521
(549)
-
9,766
7,335
3,812
547
11,080
1,581
1,247
(6,859)
39,251
223
206
76,995
(10,715)		 Transfers
between
funds
£
97,732
(21,505)
-
-
76,227
(4,500)
(32,855)
(4,377)
-
-
(3,166)
(7,000)
(2,250)
(547)
(5,070)
(1,581)
(1,247)
-
(13,205)
(223)
(206)
(76,227)
-		 At
31/3/23
£
76,922
132,009
10,000
3,881
222,812
-
70
383
17,194
3,186
9,090
672
7,146
-
6,399
-
-
533,074
26,046
-
-
603,260
826,072

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VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
NDDS
Designated Reserves - Development
Restricted funds
Countywide Support & Development
VCSE Assembly
Car Scheme
NEP (Commsortia - Working Progress)
Happy at Home
iCAN Befriending
Poverty Truth Commission
Healthy Communities
G4S
Awards4All
Armed Forces Covenant Fund
Property fund
Health Equality - Embedding the VCSE
in the ICS
ICS - Memo of Understanding
WNC - PTC 23 - 25
Northamptonshire Sport
TOTAL FUNDS		 Incoming
resources
£
59,570
219,074
-
278,644
30,103
33,839
41,291
-
108,138
33,117
17,527
30,000
67,461
23,762
9,623
-
96,997
9,909
1,479
1,801
505,047
783,691		 Resources
Movement
expended
in funds
£
£
(142,431)
(82,861)
(222,804)
(3,730)
(1,119)
(1,119)
(366,354)
(87,710)
(26,892)
3,211
(31,216)
2,623
(37,770)
3,521
(549)
(549)
(98,372)
9,766
(25,782)
7,335
(13,715)
3,812
(29,453)
547
(56,381)
11,080
(22,181)
1,581
(8,376)
1,247
(6,859)
(6,859)
(57,746)
39,251
(9,909)
-
(1,256)
223
(1,595)
206
(428,052)
76,995
(794,406)
(10,715)

Unrestricted and designated funds:

Unrestricted General - covered by direct income for infrastructure, and by the monthly Management Charge which comes from other projects and departments. £46,410 from the Northamptonshire Highways was received in July 2022. £24,451 was also received from West Northamptonshire Council in August 2022. (2022: £20,000 from the Garfield Weston foundation was received in October 2021).

NDDS - on 1 November 2019 Northampton Door to Door Service (NDDS) merged with VIN, and all assets, liabilities, and employees of NDDS were transferred to VIN. VIN is carrying on the NDDS service together with its car scheme as Northampton Community Transport.

Development Fund - used in 22-23 for developing the Training Room.

IT and website fund - this was used in the year for IT and website related expenditure and for the website to be updated.

Building Fund - to be used for building repairs in the future.

Emergency fund - funds held in the event that funding streams were not available to fund required core costs, available to be used for any costs as agreed by the trustees. This designation has been released during the year.

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

18. MOVEMENT IN FUNDS - continued

Restricted funds

Property fund - the property fund is made up of the leasehold property's net book value held in the balance sheet as a restricted fund, as it can only be used for the purpose of VIN offices, and cannot be sold, nor be used as collateral for any borrowing or charge.

Car Scheme - Funded by NBC, NHS, registration fees and fundraising from trusts - Volunteer Drivers provide transport for elderly and disabled people to and from medically related appointments.

Countywide Support and Development - VIN holds the Voluntary Sector Support and Development contract for Northamptonshire.

Commsortia - Commsortia has been set up to enable a consortium of voluntary sector organisations bid for large public sector contracts they would not otherwise have access to. VIN is a member of Commsortia and hosts the Project Manager and gives administration support

Northamptonshire Health Foundation Trust - VIN has a Volunteering development worker based at the hospital, helping to manage the recruitment and retention of volunteers.

NEP (Northamptonshire Enterprise Partnership) - VIN is a partner in the Big Lottery building better opportunities fund which is aimed at preparing organisations to access European Funding

Big Lottery - Happy at Home - this is an extension of the successful project started in Daventry, which matches up volunteer befrienders with older people who would enjoy the company to help relieve feelings of loneliness.

Happy at Home - this is a Lottery funded project together with Daventry Volunteer Centre that matches isolated or lonely citizens with a befriender to visit them in their home. It supports a worker based from the VIN office, and Management time from Becky Thornton. Phase 1 officially ended in Sept 21 after an extension. Phase 2 started in Nov 2021.

i-CAN Countywide Befriending - funded through the Integrated Care Across Northamptonshire this matches isolated or lonely citizens with a befriender.

Poverty Truth Commission - Funded initially through NAVCA this project arose from the COVID mutual aid work and is intended to capture the lived experience of poverty and feed this experience through to decision makers within the new Integrated Care System.

Healthy Communities - this is a Lottery Funded project in order to do preparatory work around embedding the VCSE sector in the Integrated Care System being legally constituted in Northamptonshire from 1/7/22.

G4S HMP 5 Wells - this is a contract with G4S at the newly opened HMP 5 Wells prison in Wellingborough to provide a Community Link Worker for the development of activities and links with the community between residents and staff at the prison and local VCSE organisations.

Awards 4 All - this is a Lottery award to be used in 22/23 to support People and Places Community Development.

VCSE Assembly - this is a Lottery funded project based on a similar project in Shropshire. It's purpose is to be a "collective voice" bringing together the diverse parts of the VCSE sector within the county of Northamptonshire.

NEP (Delivery) - This project is associated with the Commsortia BBO project. The project itself supports those furthest from the workplace to make steps towards becoming more economically active.

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VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

18. MOVEMENT IN FUNDS - continued

Armed Forces Covenant Fund - a Force For Change grant to train veterans as befrienders, and find veterans who would like a befriender, as a development of the existing Happy at Home and iCAN Befriending projects.

Health Equalities Grant (HEG) - Embedding the VCSE in the ICS - a lottery funded programme to ensure Voluntary, Community & Social Enterprise sector organisations, and the work they do in the community, are embedded in the newly mandated and introduced Integrated Care System across Northamptonshire.

West Northamptonshire Council Poverty Truth Commission (WNC - PTC 23 - 25) - a grant from West Northamptonshire Council to support the finding and training of Poverty Truth Commissioners to inform their anti-poverty strategy.

Northamptonshire Sport (Nor Sport) - A grant from Northamptonshire Sport to provide support to VCSE groups offering physical activity programmes, to increase their resilience and capacity.

Motability - Motability awarded VIN Community Transport a grant to improve access for disabled people to their services, which involved the purchase of a Wheelchair Accessible Vehicle for the Volunteer Car Scheme, and a wheelchair accessible minibus for the Door-to-Door Service. Some staff costs are also supported in these areas for 2 years from May 2023.

Community Health Champions - VIN are working with West Northamptonshire Council in order to find and train volunteers with lived experience who will promote Public Health messages for specific conditions in their local area.

WAV Car Volunteer Grant - this is a specific grant to recruit volunteer drivers for the Volunteer Car Scheme who will drive patients to appointments using the Wheelchair Accessible Vehicle rather than their own vehicles. This will make the service accessible to a wider range of people.

Kings Heath Community Grant - it was identified that there are residents in the Kings Heath area who are eligible to use both the Volunteer Car Scheme and the Door-to-Door Service, but at present they do not. This grant is to ensure those eligible have heard about the services and if they wish, to become members, thus reducing isolation and giving people better access to medical appointments.

Transfers between funds

Fund transfers from restricted to unrestricted funds are to cover management and overhead costs as per grant and contract agreements.

19. RELATED PARTY DISCLOSURES

During the year the following transactions occurred with charity's in which VIN Trustee's are also Trustee's.

Sales of nil (2023: £121) and purchases of £1,187 (2023: £45) were made with Community Space Northampton for event space for meetings held. T J Birch was a trustee for both charities during the year.

Purchases of £2,266 were made from Personal Strengths Coaching Limited, a company that N A Jackson is a director of.

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continued...

VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

20. POST BALANCE SHEET EVENTS

After the year end the charity entered into 3 significant commitments. The charity purchased 3 new minibuses costing £73,970 and a new Wheelchair Accessible Vehicle costing £18,378 was also purchased in July. The Wheelchair Accessible Vehicle was purchased using funds received from Movability. A new minibus is also now on order with a deposit paid after the year end to purchase a new minibus totalling £69,548. These were not capital commitments at the year end.

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VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Fundraising events
Investment income
Interest receivable - trading
Charitable activities
Grants
Contract work
Other income
Car scheme and NDDS income
Other income
Gain on sale of tangible fixed assets
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Computer Expenses
Repairs and Renewals
Publications & Subscriptions
Motor Expenses
Health & Safety
Other project costs
Volunteer Expenses
Staff Recruitment
Non-reclaimed VAT
Consultancy
Car park passes
Carried forward		 2024
£
31,386
1,341
5,326
522,414
81,788
29,736
130,323
764,261
-
802,314
454,749
32,924
14,375
2,648
5,721
3,195
8,126
8,492
7,204
832
13,754
6,136
2,056
57,557
554
82,430
3,325
-
(311)
8,336
1,754
713,857		 2023
£
23,155
862
1,151
499,845
76,524
44,891
135,930
757,190
1,333
783,691
409,399
36,274
11,495
2,595
5,291
3,005
7,794
7,798
10,027
249
16,480
7,669
1,761
68,143
1,053
142,187
3,488
2,293
145
6,060
1,619
744,825

This page does not form part of the statutory financial statements

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VOLUNTARY IMPACT NORTHAMPTONSHIRE LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Charitable activities
Brought forward
Staff training
Staff expenses
Events and meetings
Bad debts
Depreciation
Support costs
Finance
Bank charges
Governance costs
Auditors' remuneration
Accountancy and legal fees
Total resources expended
Net expenditure		 2024
£
713,857
7,853
5,131
38,663
5,919
22,725
794,148
1,023
5,671
3,824
9,495
804,666
(2,352)		 2023
£
744,825
668
3,286
17,132
-
14,721
780,632
1,067
4,200
8,507
12,707
794,406
(10,715)

This page does not form part of the statutory financial statements

Page 33